USDCAD Daily Analysis - March 1, 2017 Forex Analysis

USDCAD continued its upward movement from 1.3009, and the rise extended to as high as 1.3325. Further rise is still possible over the next several days, and next target would be at 1.3500 area. Support is at 1.3200, only break below this level could signal completion of the uptrend.

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USDJPY Daily Analysis - March 1, 2017 Forex Analysis

USDJPY failed to break below 111.59 support and broke above the resistance of the downward trend line on 4-hour chart, indicating that the downtrend from 114.95 is complete. Further rally could be seen in a couple of days and the target would be at 114.20 area.

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AUDUSD Daily Analysis - March 1, 2017 Forex Analysis

AUDUSD broke below the bottom of the price channel on 4-hours chart, implying that the uptrend from 0.7159 (Dec 26, 2016 low) had completed at 0.7740 already. Further fall to test 0.7605 key support is possible, a breakdown below this level will confirm the completion of the uptrend, then the following downward movement could bring price back to 0.7300 zone. On the upside, as long as 0.7605 support holds, the fall from 0.7740 would possibly be consolidation of the uptrend from 0.7159, another rise towards 0.8000 could be expected after consolidation.

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GBPUSD Daily Analysis - March 1, 2017 Forex Analysis

GBPUSD is facing 1.2346 support, a breakdown below this level will signal resumption of the downtrend from 1.2706, then the following downward movement could bring price to 1.2000 area.

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EURUSD Daily Analysis - March 1, 2017 Forex Analysis

EURUSD is facing he resistance of the downward price channel on 4-hours chart. As long as the pair stays in the channel, the price action from 1.0521 could be treated as consolidation of the downtrend from 1.0828, and further decline to 1.0400 area is still possible after consolidation. Key resistance is at 1.0679, only break above this level will indicate that the downtrend had completed at 1.0493 already, then the following upward movement could bring price to 1.0900 zone.

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USDJPY Daily Analysis - February 27, 2017 Forex Analysis

USDJPY is facing 111.59 support, a breakdown below this level will confirm that the downtrend from 118.66 (Dec 15, 2016 high) has resumed, then further decline to 111.00 area could be seen. Near term resistance is located at the downward trend line on 4-hours chart, only a clear break above the trend line resistance will indicate that lengthier consolidation for the downtrend from 118.66 is underway, then 115.62 key resistance will be tested.

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AUDUSD Daily Analysis - February 27, 2017 Forex Analysis

AUDUSD is facing the support of the price channel on 4-hours chart. As long as the pair stays in the channel, the uptrend from 0.7159 (Dec 26, 2016 low) could be expected to continue, and next target would be at 0.7800 area. Key support is at 0.7605, only break below this level could signal completion of the uptrend.

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GBPUSD Daily Analysis - February 27, 2017 Forex Analysis

GBPUSD failed to break above 1.2582 resistance and stayed in the trading range between 1.2346 and 1.2582. The price action in the trading range is likely consolidation of the downtrend from 1.2706. Further decline is possible after consolidation, and next target would be at 1.2000 area.

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EURUSD Daily Analysis - February 27, 2017 Forex Analysis

EURUSD stays in the downward price channel on 4-hours chart, indicating that the pair remains in downtrend from 1.0828. As long as the channel resistance holds, the downtrend could be expected to resume, and further decline to 1.0400 area is still possible. Key resistance is at 1.0679, only break above this level could signal completion of the downtrend.

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USDCAD Daily Analysis - February 24, 2017 Forex Analysis

USDCAD broke below the bottom of the upward price channel on 4-hour chart, indicating that the upward movement from 1.3009 is complete. Another fall to test 1.2968 support could be seen over the next several days.

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AUDUSD Daily Analysis - February 24, 2017 Forex Analysis

AUDUSD's upward movement from 0.7159 (Dec 26, 2016 low) extended further to as high as 0.7740. Near term support is at the bottom of the price channel on 4-hour chart. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 0.7800 area. Key support is at 0.7605, only break below this level could signal completion of the uptrend.

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EURUSD Daily Analysis - February 24, 2017 Forex Analysis

EURUSD remains in downtrend from 1.0828, the price action from 1.0521 is likely consolidation of the downtrend. Near term resistance is at the top of the price channel on 4-hour chart. As long as the pair stays in the channel, the downtrend could be expected to resume and further decline to 1.0400 area is still possible. Key resistance is at 1.0679, only break above this level could signal completion of the downtrend.

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USDCAD Daily Analysis - February 23, 2017 Forex Analysis

USDCAD stays in a upward price channel on 4-hour chart and remains in uptrend from 1.3009. As long as the channel support holds, the uptrend could be expected to continue and next target would be at 1.3250 area. On the downside, a clear break below the channel support will signal completion of the uptrend, then the following downward movement could bring price back to test 1.2968 support.

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USDJPY Daily Analysis - February 23, 2017 Forex Analysis

USDJPY is short term downtrend from 114.95 and the rise from 112.61 is likely consolidation of the downtrend. Further decline to test 111.59 support is possible. A breakdown below this level will indicate that the longer term downtrend from 118.66 (Dec 15, 2016 high) has resumed, then next target would be at 111.00 area.

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EURUSD Daily Analysis - February 23, 2017 Forex Analysis

EURUSD broke below 1.0521 support, indicating that the downtrend from 1.0828 has resumed. Further decline could be expected over the next several days, and next target would be at 1.0400 area. Resistance is at 1.0600, only break above this level will indicate that lengthier consolidation for the downtrend is underway, then the following upward movement could bring price back to 1.0700 zone.

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USDCAD Daily Analysis - February 22, 2017 Forex Analysis

USDCAD failed to break below 1.2968 support and stayed in the trading range between 1.2968 and 1.3211. Sideways movement in the trading range could be expected to continue in a couple of days.

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USDJPY Daily Analysis - February 22, 2017 Forex Analysis

USDJPY is forming a sideways consolidation in a range between 110.59 and 115.62. Another fall to test 111.59 support would likely be seen and a breakdown below this level will signal resumption of the downtrend from 118.66 (Dec 15, 2016 high), then next target would be at 110.00 zone.

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AUDUSD Daily Analysis - February 22, 2017 Forex Analysis

AUDUSD stays in a upward price channel on 4-hours chart. Near term support is located at the bottom of the channel. As long as the channel support holds, the uptrend from 0.7159 (Dec 26, 2016 low) could be expected to continue, and next target would be at 0.7800 area. Key support is at 0.7605, only break below this level could signal completion of the uptrend.

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GBPUSD Daily Analysis - February 22, 2017 Forex Analysis

GBPUSD continued its sideways movement in a range between 1.2346 and 1.2582. As long as 1.2582 resistance holds, the sideways move could be treated as consolidation of the downtrend from 1.2706, and further decline to 1.2000 area is still possible after consolidation.

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EURUSD Daily Analysis - February 22, 2017 Forex Analysis

EURUSD is facing 1.0521 support, a breakdown below this level will indicate that the downtrend from 1.0828 has resumed, then next target would be at 1.0400 area. Near term resistance is at 1.0600, only break above this level will indicate that lengthier consolidation for the downtrend is needed, then the following upward movement could bring price back to 1.0750 zone.

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USDJPY Daily Analysis - February 20, 2017 Forex Analysis

USDJPY's downward movement from 114.95 extended to as low as 112.61. Further decline to test 111.59 support would likely be seen in a couple of days, a breakdown below this level will signal resumption of the longer term downtrend from 118.66 (Dec 15, 2016 high), then next target would be at 110.00 zone.

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AUDUSD Daily Analysis - February 20, 2017 Forex Analysis

AUDUSD remains in uptrend from 0.7159 (Dec 26, 2016 low), the fall from 0.7731 is likely consolidation of the uptrend. Key support is at 0.7605, as long as this level holds, the uptrend could be expected to continue, and next target would be at 0.7800 area. Only break below 0.7605 support could signal completion of the uptrend.

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GBPUSD Daily Analysis - February 20, 2017 Forex Analysis

GBPUSD moved sideways in a trading range between 1.2346 and 1.2582. As long as the pair is below 1.2582 resistance, the sideways move could be treated as consolidation of the downtrend from 1.2706, and further decline to 1.2000 area is possible after consolidation.

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EURUSD Daily Analysis - February 20, 2017 Forex Analysis

EURUSD remains in downtrend from 1.0828, the bounce from 1.0521 would possibly be correction of the downtrend. Further decline could be expected after correction, and next target would be at 1.0400 area. Resistance levels are at 1.0679 and 1.0740, only break above these levels could trigger another rise towards 1.1000.

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USDCAD Daily Analysis - February 17, 2017 Forex Analysis

USDCAD's downward movement from 1.3211 extended to as low as 1.3009. Further decline to test 1.2968 support is possible in a couple of days. Resistance is at 1.3120, a break of this level will indicate that the downtrend is complete, then the following upward movement could bring price to 1.3300 zone.

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USDJPY Daily Analysis - February 17, 2017 Forex Analysis

USDJPY failed to break above 115.62 resistance, indicating that the pair remains in downtrend from 118.66 (Dec 15, 2016 high), and the price action from 112.56 could be treated as consolidation of the downtrend. Further decline would likely be seen in a couple of days, and next target would be at 110.00 area. Key resistance is at 115.62, only break above this level could signal completion of the downtrend.

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EURUSD Daily Analysis - February 17, 2017 Forex Analysis

EURUSD's rise from 1.0521 extended to as high as 1.0679. Further rise to 1.0700 - 1.0740 area would likely be seen after a minor consolidation. Resistance is at 1.0740, as long as this level holds, the rise would possibly be correction of the downtrend from 1.0828, another fall to 1.0400 area could be expected after correction.

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USDJPY Daily Analysis - February 16, 2017 Forex Analysis

USDJPY broke above the resistance of the price channel on 4-hour chart. Further rise to test 115.62 resistance is possible. As long as this level holds, the price action from 112.56 could be treated as consolidation of the downtrend from 118.66 (Dec 15, 2016 high), and another fall towards 110.00 could be expected after consolidation. On the upside, a break of 115.62 resistance will indicate that the downtrend had completed at 111.59 already, then the following upward movement could bring price to 118.00 zone.

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AUDUSD Daily Analysis - February 16, 2017 Forex Analysis

AUDUSD broke above 0.7695 resistance and continued its upward movement from 0.7159 (Dec 26, 2016 low). Further rise could be expected in a couple of days, and next target would be at 0.7800 area. Key support is now at 0.7605, only break below this level could signal completion of the uptrend.

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EURUSD Daily Analysis - February 16, 2017 Forex Analysis

EURUSD broke above the downward trend line on 4-hour chart, implying that the downtrend from 1.0828 had completed at 1.0521 already. Further rise would likely be seen in a couple of days and the target would be at 1.0700 - 1.0740 area.

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USDCAD Daily Analysis - February 15, 2017 Forex Analysis

USDCAD remains in uptrend from 1.2968, the fall from 1.3211 is likely correction of the uptrend. As long as 1.2968 support holds, the uptrend could be expected to resume, and further rise to 1.3300 area is possible after correction.

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USDJPY Daily Analysis - February 15, 2017 Forex Analysis

USDJPY is facing the resistance of the downward price channel on 4-hour chart. As long as the pair stays in the channel, the price action from 112.56 could be treated as consolidation of the downtrend from 118.66 (Dec 15, 2016 high), and another fall towards 110.00 could be expected after consolidation. Key resistance is at 115.62, only break above this level will indicate that the downtrend had completed at 111.59 already, then the following upward movement could bring price to 118.00 zone.

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EURUSD Daily Analysis - February 15, 2017 Forex Analysis

EURUSD's downward movement from 1.0828 extended to as low as 1.0560. There is a downward trend line on 4-hour chart, which may act as a resistance on the upside now at 1.0620. As long as the pair is below the trend line, the downtrend could be expected to continue and next target would be at 1.0400 area. Key resistance is at 1.0658, only break above this level will confirm that the downtrend is complete, then the following upward movement could bring price back to 1.0700 - 1.0740 area.

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USDJPY Daily Analysis - February 14, 2017 Forex Analysis

USDJPY's bounce from 111.59 extended to as high as 114.16. Further rise to the top of the price channel on 4-hour chart is possible. As long as the channel resistance holds, the price action from 112.56 could be treated as consolidation of the downtrend from 118.66 (Dec 15, 2016 high) and another fall to 110.00 area could be expected after consolidation. Key resistance is at 115.62, only break above this level will confirm that the downtrend had completed at 111.59 already, then the following upward movement could bring price to 118.00 zone.

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AUDUSD Daily Analysis - February 14, 2017 Forex Analysis

AUDUSD moved sideways in a narrow range between 0.7605 and 0.7695. The sideways movement is likely consolidation of the uptrend from 0.7159 (Dec 26, 2016 low). Further rise could be expected as long as the pair stays above 0.7605 support, and next target would be at 0.7800 area. Key support is at 0.7511, only break below this level could signal completion of the uptrend.

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GBPUSD Daily Analysis - February 14, 2017 Forex Analysis

GBPUSD remains in downtrend from 1.2706, the rise from 1.2346 is likely correction of the downtrend. Further decline could be expected after correction, and next target would be at 1.2100 area. Resistance is at 1.2706, only break above this level could trigger another rise towards 1.3000.

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EURUSD Daily Analysis - February 14, 2017 Forex Analysis

EURUSD stays below the downward trend line on 4-hour chart, which is holding the downside move from 1.0828. As long as the pair is below the trend line, the downtrend could be expected to continue, and next target would be at 1.0400 area. Key resistance is now at 1.0658, only break above this level will indicate that correction of the downtrend is underway, then the following upward movement could bring price back to 1.0700 - 1.0740 area.

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USDCAD Daily Analysis - February 13, 2017 Forex Analysis

USDCAD's downward movement from 1.3211 extended to as low as 1.3062. However, the fall would possibly be correction of the uptrend from 1.2968, and another rise towards 1.3300 could be expected after correction.

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USDJPY Daily Analysis - February 13, 2017 Forex Analysis

USDJPY broke above 113.95 resistance, indicating that the downward movement from 115.62 had completed at 111.59 already. Further rise to test 115.62 resistance could be expected in a couple of days, and a break of this level will confirm that the longer term downtrend from 118.66 (Dec 15, 2016 high) is complete, then the following upward movement could bring price to 118.00 zone.

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AUDUSD Daily Analysis - February 13, 2017 Forex Analysis

AUDUSD is facing 0.7695 resistance, a break of this level will indicate that the uptrend from 0.7159 (Dec 26, 2016 low) has resumed, then next target would be at 0.7800 area. On the downside, as long as 0.7695 resistance holds, range trading between 0.7570 and 0.7695 could be expected to continue. Key support is at 0.7511, only break below this level could signal completion of the uptrend.

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EURUSD Daily Analysis - February 13, 2017 Forex Analysis

EURUSD broke below 1.0620 support, indicating that the uptrend from 1.0340 had completed at 1.0828 already. Further decline could be expected over the next several days, and next target would be at 1.0400 area. Resistance is at 1.0714, as long as the pair stays below this level, the downtrend from 1.0828 will continue.

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USDJPY Daily Analysis - February 10, 2017 Forex Analysis

USDJPY broke above the downward trend line on 4-hour chart, and is now facing the resistance at 113.95. As long as this level holds, the rise from 111.59 could be treated as consolidation of the downtrend from 118.66 (Dec 15, 2016 high) and another fall towards 110.00 could be expected after consolidation. On the upside, a break of 113.95 resistance will indicate that lengthier consolidation of the downtrend is underway, then further rise to 115.00 area could be seen.

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GBPUSD Daily Analysis - February 10, 2017 Forex Analysis

No changed in our view, GBPUSD remains in downtrend from 1.2706, the rise from 1.2346 could be treated as consolidation of the downtrend. Further decline could be expected after correction, and next target would be at 1.2100 area. Resistance is at 1.2706, only break above this level could trigger another rise towards 1.3000.

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EURUSD Daily Analysis - February 10, 2017 Forex Analysis

EURUSD is testing 1.0620 support, as long as the pair is above this level, the fall from 1.0828 could be treated as consolidation of the uptrend from 1.0340 and further rise to 1.0900 area is still possible after consolidation. On the other side, a breakdown below 1.0620 support will indicate that the uptrend had completed at 1.0828 already, then the following downward movement could bring price to 1.0000 zone.

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USDCAD Daily Analysis - February 9, 2017 Forex Analysis

USDCAD remains in uptrend from 1.2968, the fall from 1.3211 is likely consolidation of the uptrend. Further rise is still possible after consolidation, and next target would be at 1.3300 area.

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USDJPY Daily Analysis - February 9, 2017 Forex Analysis

USDJPY stays below the downward trend line on 4-hour chart and remains in downtrend from 118.66 (Dec 15, 2016 high). As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 110.00 area. The key resistance is at 113.95, only break above this level will indicate that lengthier consolidation of the downtrend is underway, then further rise to 115.00 area could be seen.

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AUDUSD Daily Analysis - February 9, 2017 Forex Analysis

AUDUSD is in consolidation of the uptrend from 0.7159. Range trading between 0.7570 and 0.7695 would likely be seen in a couple of days and further rise to 0.7800 is possible after consolidation. Key support is at 0.7511, only break below this level could signal completion of the uptrend.

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GBPUSD Daily Analysis - February 9, 2017 Forex Analysis

GBPUSD is now in downtrend from 1.2706, the rise from 1.2346 is likely correction of the downtrend. Further decline could be expected after correction, and next target would be at 1.2100 area. Resistance is at 1.2706, only break above this level could trigger another rise towards 1.3000.

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EURUSD Daily Analysis - February 9, 2017 Forex Analysis

EURUSD is facing 1.0620 support, as long as this level holds, the fall from 1.0828 could be treated as consolidation of the uptrend from 1.0340 and further rise to 1.0900 area is still possible after consolidation. However, a breakdown below 1.0620 support will indicate that the uptrend had completed at 1.0828 already, then the following downward movement could bring price to 1.0000 zone.

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USDCAD Daily Analysis - February 8, 2017 Forex Analysis

USDCAD broke above 1.3168 resistance, indicating that the downtrend from 1.3387 had completed at 1.2968 already. Further rise could be expected in a couple of days, and the target would be at 1.3300 area.

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